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 Bank Interview Questions

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Q:

A budget is best described as

A) A master control device B) The most crucial component of a company evaluation process
C) A formal statement of a company's future plans usually expressed in monetary terms D) An informal statement of company future plans usually expressed in monetary terms
 
Answer & Explanation Answer: C) A formal statement of a company's future plans usually expressed in monetary terms

Explanation:

A Budget is a financial plan of expected cash inflows and outflows that a business generates.
It is generally a long-term statement involving ammual updates. It is best described as A formal statement of a company's future plans usually expressed in monetary terms.

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Filed Under: Bank Interview - Accounting and Finance
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

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Q:

Cash Reserve Ratio ( CRR) and Stautory Liquidity Ratio (SLR ) are terms most closely related to which of the following industries/markets :

A) Mutual Fund B) Income Tax
C) Stock Exchange D) Banking
 
Answer & Explanation Answer: D) Banking

Explanation:
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Filed Under: Bank Interview - Accounting and Finance
Exam Prep: Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

7 3152
Q:

What are the different types of Loans offered by banks?

Answer

The different types of loans offered by banks are:


a) Unsecured Personal Loan


b) Secured Personal Loan


c) Auto Loans


d) Mortgage Loans


e) Small business Loans

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Subject: Bank Interview - Accounting and Finance

1 3151
Q:

Which of the following best describes Accounting?

A) is an information system that provides reports to its stakeholders regarding economic activities and the condition of the business B) is used only for filling out tax returns and for financial statements for various types of governmental reporting requirements
C) records economic data but does not communicate the data to users according to any specific rules D) is of no use by individuals outside of the business
 
Answer & Explanation Answer: A) is an information system that provides reports to its stakeholders regarding economic activities and the condition of the business

Explanation:

Accounting is the systematic and comprehensive recording of financial transactions pertaining to a business. 

Which_of_the_following_best_describes_Accounting1537425183.gif image

Accounting also refers to the process of summarizing, analyzing and reporting these transactions to oversight agencies, regulators and tax collection entities. 

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Filed Under: Bank Interview - Accounting and Finance
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

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Q:

NPA in banking terminology implies ______.

A) Net Performing Assets B) New Performing Assets
C) Non-Performing Assets D) New Pension Act
 
Answer & Explanation Answer: C) Non-Performing Assets

Explanation:
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Filed Under: Bank Interview - Accounting and Finance
Exam Prep: Bank Exams , CAT
Job Role: Bank Clerk , Bank PO

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Q:

What have you learned from your studies that can be applied to a career in investment banking?

Answer

You might initially think that if you haven’t done a degree in finance or economics you haven’t got very much to offer an investment bank, but you’d be wrong. Any numerate discipline will have given you a mathematical toolkit that will come in useful in technical banking work, and any good degree proves that you’re intelligent, hardworking, and effective under pressure. Extra-curricular activities may have given you a wealth of other skills that are valuable at an investment bank, such as being able to juggle a number of commitments and work with others.

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Subject: Bank Interview - Accounting and Finance

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Q:

Loan and Advances of a bank come under the category of______________.

A) Deposits B) Expenditure
C) Liabilities D) Assets
 
Answer & Explanation Answer: D) Assets

Explanation:
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Filed Under: Bank Interview - Accounting and Finance

1 2959
Q:

What is true about certificates of deposit?

A) the money has to remain in the account for a specified period of time B) they are the most liquid account available
C) they offer lower interest rates than savings accounts D) All the above
 
Answer & Explanation Answer: A) the money has to remain in the account for a specified period of time

Explanation:

A certificate of deposit (CD) is a savings certificate with a fixed maturity date, specified fixed interest rate and can be issued in any denomination aside from minimum investment requirements.

CD's are generally issued by commercial banks

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Filed Under: Bank Interview - Accounting and Finance
Exam Prep: AIEEE , Bank Exams , CAT
Job Role: Analyst , Bank Clerk , Bank PO

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